Economist Henrik Zeberg believes that Bitcoin (BTC) and Altcoins are close to the ignition of the final phase of the crypto -bullmarkt.
In a new interview on the Crypto Banter YouTube channel, Zeberg says that he gives a chance of less than 5% that crypto assets have already printed a bullmarkt top.
“There are no indications for me that the top is here at the moment. I look at different indicators who tell us that the top is located, and I actually think we will have a fantastic Altcoin season. “
Looking at Bitcoin himself, the economist says that BTC seems to be acting in a growing diagonal structure while going through a five golf rally. A growing diagonal in a bullmarkt suggests that an active is in an upward trend, the printing of higher highlights and higher lows. In the meantime, the five-golf rally is based on the Elliott golf theory, which states that a bullish assets tends to see an increase of five wave before it starts a corrective period.
Zeberg says,
“There is a very clear pattern, at least for me, which is a growing diagonal on a very long time frame … This is a monthly graph and this is what has led me all the time.
So if people were so negative [in August 2024]I said: “No, we’re going up a strong step and we’ll see $ 100,000 in 2024.”
We have done that, and now people here are so negative.
This is the fifth wave. We need the fifth wave … My target that has all been $ 123,000 to $ 125,000, together with the potential to even go up to $ 140,000. “
At the time of writing, Bitcoin acts for $ 96,779.
Regarding the Altcoin market, Zeberg says that he closely monitors the total 3 -graphics, which follows the total market capitalization of all crypto assets, excluding Bitcoin, Ethereum (ETH) and Stablecoins. According to the economist, the total 3 -graph, or what he calls the alts index, is close to the fueling of the next leg up, stimulated by his expected Bullish BTC price promotion.
He predicts that Large-Cap Altcoins will initially be the market leaders, followed by Memecoins later.
“The Solanas are those [that] Will be what it drives in this phase … First of all, we now need Bitcoin to get his act together and go a little higher and then we will be in the final phase …
This is where we should see this pick-up of the Bitcoin-driven part of it, and then we have to go to the next phase. “
https://www.youtube.com/watch?v=OOZZYRJQKNK
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